Venturi Wealth Management LLC Boosts Holdings in KeyCorp (NYSE:KEY)

Venturi Wealth Management LLC raised its stake in shares of KeyCorp (NYSE:KEY) by 62.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,526 shares of the financial services provider’s stock after buying an additional 975 shares during the quarter. Venturi Wealth Management LLC’s holdings in KeyCorp were worth $42,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of KEY. Pathway Financial Advisers LLC bought a new stake in KeyCorp in the 1st quarter valued at $25,000. Wolff Wiese Magana LLC grew its position in shares of KeyCorp by 285.5% during the third quarter. Wolff Wiese Magana LLC now owns 1,542 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 1,142 shares in the last quarter. American Capital Advisory LLC bought a new stake in shares of KeyCorp in the third quarter worth about $28,000. Crewe Advisors LLC purchased a new stake in shares of KeyCorp in the first quarter worth about $32,000. Finally, Catalyst Capital Advisors LLC bought a new position in KeyCorp during the third quarter valued at approximately $35,000. Institutional investors own 79.69% of the company’s stock.

Insiders Place Their Bets

In other KeyCorp news, insider Angela G. Mago sold 15,011 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $19.59, for a total transaction of $294,065.49. Following the transaction, the insider now directly owns 234,582 shares in the company, valued at $4,595,461.38. This represents a 6.01 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Carlton L. Highsmith sold 9,000 shares of the business’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $17.14, for a total transaction of $154,260.00. Following the completion of the sale, the director now owns 37,864 shares of the company’s stock, valued at approximately $648,988.96. This represents a 19.20 % decrease in their position. The disclosure for this sale can be found here. 0.61% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts have recently issued reports on KEY shares. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $18.00 price objective on shares of KeyCorp in a report on Tuesday, September 10th. Robert W. Baird downgraded shares of KeyCorp from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $18.00 to $17.00 in a research note on Monday, October 14th. Baird R W cut shares of KeyCorp from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 14th. Jefferies Financial Group upped their target price on shares of KeyCorp from $18.00 to $19.00 and gave the company a “buy” rating in a research report on Monday, August 19th. Finally, Barclays lifted their price target on KeyCorp from $16.00 to $19.00 and gave the stock an “equal weight” rating in a research report on Friday, October 18th. Nine analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $18.03.

KeyCorp Stock Up 0.1 %

Shares of KEY opened at $19.16 on Friday. The firm has a fifty day moving average price of $17.16 and a 200-day moving average price of $15.77. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.09. The firm has a market capitalization of $18.99 billion, a P/E ratio of 1,901.00, a P/E/G ratio of 1.05 and a beta of 1.24. KeyCorp has a 12-month low of $11.64 and a 12-month high of $20.00.

KeyCorp (NYSE:KEY) last issued its earnings results on Thursday, October 17th. The financial services provider reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.03. KeyCorp had a net margin of 0.76% and a return on equity of 8.24%. The business had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.59 billion. Equities research analysts expect that KeyCorp will post 1.08 earnings per share for the current year.

About KeyCorp

KeyCorp operates as the holding company for KeyBank National Association that provides various retail and commercial banking products and services in the United States. It operates in two segments, Consumer Bank and Commercial Bank. The company offers various deposits, investment products and services; commercial leasing, investment management, consumer finance; and personal finance and financial wellness, student loan refinancing, mortgage and home equity, lending, credit card, treasury, business advisory, wealth management, asset management, cash management, portfolio management, and trust and related services to individuals and small and medium-sized businesses.